[Dubya-M-DeesWent2SyriaStupid!]

P.S. to post # 94. The article clearly states they will be using HARP.

* Home must be owner occupied
* Property can be 1 to 4 units for a primary residence
* Current mortgage loan must be owned Fannie Mae or Freddie Mac
* Mortgage must be paid current and up-to-date
* Loan-to-value (LTV) can be no more than 125%

HARP

http://government-mortgages.com/fannie-mae-mortgage-programs/harp-mortgage-program.html?ctt_id=7266768&ctt_adnw=Google&ctt_kw=harp&ctt_ch=ps&ctt_entity=tc&ctt_adid=4449041858&ctt_nwtype=search&ctt_cli=2x8767x34971x1305923&gclid=COCC943EoqMCFRafnAodWmZ-5A

This is only appealing to subprimers who could not turn in their paperwork last time.

It is a desperate last ditch effort to buy some democratic votes.

The people applying will see HOPE until after the election and they are told they don’t qualify (or failed to send in all the required documents)

[shotgun]

An owner is only underwater if they are trying to sell their property. If they are current in their payments then why bail them out...

[longtermmemmory]

these standards guarantee very few will partake.

most homes are more than 125%, some have even dropped 200% loan to value.

If the loan was current, why would they be in a mess?

This is another Obama pr scam.